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Market Wrap: Dollar & Stocks Rebound After Fed's 75bps Cut, USD/JPY Back at 100

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Mar 18, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    After much speculations, the Fed finally lowered the federal fund rates by 75bps to 2.25% on Tuesday. The vote was not unanimous, with Plosser and Fisher preferring "less aggressive" actions. In the accompanying statement, Fed acknowledged that economic activity has "weakened further", with slowing consumer spending and softening labor markets....

    complete article here...

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